Methane: The Better Ethane - Ethane To Ethylene ... · PDF file•...

Siluria Technologies Confidential Slide 1

Methane: The Better Ethane!www.siluria.com Siluria Technologies 409 Illinois Street San Francisco, California USA


Siluria: Executive Summary Successfully achieved longstanding oil and chemical industry goal to use natural gas directly as a building block feedstock •  Dramatically amplified in todays natural gas world

Significant compe77ve advantages: •  $1B/project/year advantage over predominant technology in $200B chemical market •  20 to 60% economic advantage over gas-‐to-‐liquids state of the art

Excellent compa7bility with many exis7ng industries •  Over 2500 poten7al exis7ng site applica7ons •  Huge global markets (>$3 Trillion)

Establishing strategic partnerships to enable: •  Economic first units •  World scale deployments •  Building a license business


Methane to Ethylene via OCM

Commercially defined technical and economic success metrics •  Selec7vity •  Conversion •  Catalyst ac7vity •  Fixed bed system •  Opera7ng temperature •  Opera7ng pressure •  Catalyst life/strength •  Formed commercial catalyst

Templated Syntheses

Nanowire Catalysts

High throughput screening for OCM

Enabling InnovaBons & Proprietary Technologies

Break-‐through Natural Gas Based Technology -‐ Proprietary innova7ons -‐

Confidential information

No or ineffective catalyst

%34/#%-%5%34"-%

C2H42CH4

67/.%-

O2

89"3%(

82H2O

3-step catalytic process requires finely-tuned conditions to proceed down desired reaction path

but in reality takes place in 3 steps over a single catalyst

* *85%34/#'(":*+"# %34"-%

5%34"-%

%34/#%-%

Proprietary catalyst

Chemistry

Air, Enriched Air, or Pure O2


We Have Developed Two Basic Technology Packages Using Our Core OCM Innovation

Ethylene and Associated Products

Gasoline (RBOB)

Aroma7c Chemicals

OCM (oxida7ve coupling

of methane)

Purifica7on/Separa7ons

ETLTM (ethylene to liquids)

Inpu

ts

CH4 Source

O2 Source

Dis7llates (diesel/jet)

ETL process can selec7vely produce any one of these liquid products

x

Break-‐through Natural Gas Based Technology -‐ Two core process packages -‐


Successful Scale-‐Up of OCM Catalyst, OCM Process and ETL Processes

0

1

2

3

4

5

Lab Scale Bench Scale/Pre pilot

Pilot

20 kg/day

Demo Plant

800 kg/day

OCM

Scale-‐Up

Series 1

0

1

2

3

4

5

Lab Scale Bench Scale/Pre pilot

Pilot Reactor

2 gal/day

Demo Plant

80 gal/day

ETL Scale-‐Up

Series 1

OCM Demonstra7on unit in FEED First gas in Q4 2014

ETL Pilot unit First gas in Q4 2013

ETL Demo Complete Mid 2015

Break-‐through Natural Gas Based Technology -‐ Successful process and catalyst scale-‐up -‐

0 1 2 3 4 5 6 7

0.001 Kg Batches

0.1 Kg Batches

1 Kg

Batche

s

10 Kg

Batche

s

100 Kg Batches

(via CMO, Pilot V

alidated

)

1000 Kg Ba

tche

s (via CMO, for Com

mercial)

Catalyst Scale-‐up

Catalyst Scale-‐Up Process Scale-‐Up

Demonstra7on unit catalyst produc7on both in-‐house and partner-‐produced


Demonstration Facility OCM Demonstration Unit

•  Scale ~40x of Pilot Plants (Approx. 1760 lbs/day C2=) •  Estimated cost ~ $15MM (±25%) •  Timeline •  Strong Project Management Process / Multi-‐Disciplinary Team •  Existing Industrial Site (La Porte, TX) •  Substantial Host Company Support (15 yr. commitment)

2013 1/1/2014 10/1/2014

Project Ini7ated Construc7on Start Gas In

Break-‐through Natural Gas Based Technology -‐ Now moving to demonstra7on unit -‐


Huge, Drop-‐In, Global Markets -‐ Ini7al Builds -‐

Siluria’s ethylene technology enables both world scale plants and small scale optimized deployments

Siluria OCM Process

•  Economic performance superior to steam cracking

•  Significant environmental and sustainability advantages

Small Scale Deployments

30 -‐125 kTA

•  Aerac7ve economics in many deployment scenarios

•  Many near-‐term deployment opportuni7es

Scale-‐up

World scale Deployments

1 -‐ 1.5 MMTA


At World-‐Scale, We have Clear Economic Advantages and Winning Spaces

Segment CompeBng Technology Siluria Advantage

Ethylene Naphtha Cracking Feedstock – Cost, Purity Capital

Ethane Cracking Feedstock – Cost, Abundance

Olefins MTO Capital and Cash Cost

Gas-‐to-‐Liquids Fischer-‐Tropsch Capital Product Slate

Methanol-‐To-‐Gasoline Capital Product Slate

Broad areas of Compe77ve Advantage -‐ Significant Capital and Cost Advantages -‐


Siluria OCM is Broadly Advantaged Over Naphtha Cracking

World Scale Target

Naphtha

World-‐scale OCM wins where the O/G price ra7o is 8 to 9x (BBL/MMBTU)

Sources: IEA (Advanced Resources Interna7onal), BP, Reuters, Bri7sh Geological Survey Eurostat Half-‐Yearly Gas Prices 2012

Example countries in Euro Area where average industrial natural gas prices in 2012 were below $12.50 (approximately 1/8 the energy value of oil)

•  Belgium •  Czech Republic •  Spain •  Netherlands

•  Poland •  Romania •  UK •  Turkey World-‐Scale

OCM Wins



Siluria OCM is Broadly Advantaged Over Ethane Cracking

0

20

40

60

80

100

120

140

160

0 1 1.25 1.5 1.75 2 2.25 2.5 2.75 3 3.25 3.5 3.75 4 More

Freq

uency ob

served

, days

Ethane to NG $/MMBTU raBo

USGC Historical Ethane to NG $/MMBTU raBo 2009 -‐2012

$0.00 $0.10 $0.20 $0.30 $0.40 $0.50 $0.60

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Etha

ne Frac Spread

($/gal)

US Historical and Projected Ethane Frac Spread

10

World-‐scale OCM wins where delivered ethane price is >1.4x natural gas on an energy basis •  At $6/MMBTU natural gas, 1.4x

corresponds to 56 CPG & $416/MT ethane

•  This implies an approximately 15 cent/gallon methane/ethane (delivered) spread

Ethane

World Scale Target

World-‐Scale OCM Wins

USGC Ethane and Methane Historical Pricing based on Henry Hub spot and Volumetrically Adjusted Conway/Mt. Belvieu blended spot pricing based on Bloomberg pricing data from ICIS Projected/Future Pricing based on IHS Cost Curve Service and Envantage 2013 publica7ons

Projected

World-‐Scale OCM Wins Mt

Belvieu



OCM Monetary Advantage Over Cracking Can Be Very Substantial

0

200

400

600

800

1000

1200

1400

Siluria OCM Ethane Cracking Naptha Cracking

Cash Cost + Ca

pital R

ecovery

($/M

T C2

=)

Cost of Ethylene ProducBon ($/MT C2=) OCM vs. Ethane Cracking vs. Naphtha Cracking at World

Scale

Based on Recent 3 Year Commodity Pricing Monthly Average (4/2010 to 4/2013) Gulf Coast pricing Bentek Energy Natural Gas: $3.61/MMBTU, Ethane: 54.5 CPG , Naphtha: $883.55/MT


0 150 300 450 600 750 900 1050 1200 1350 $MM Per Year

Annual OCM Advantage over Naphtha and Ethane Crackers ($MM/year)

Cash Cost

Cap. Chrg

Cash Cost

Cap. Chrg Cash

Cost

Cap. Chrg.

OCM vs.

Naphtha

OCM vs.

Ethane

> $1.2B per year

> $250MM per year


The Monetary Advantage Over MTO, MTG, and FT Can Be Substantial

0 200 400 600 800

1000 1200 1400 1600

Siluria OCM MTO

Cash Cost + Ca

pital R

ecovery

($/M

T Olefin

s)

OCM vs. MTO at 1,000 kT Olefins Scale

Based on 2011 Gulf Coast pricing from IHS Methanol Cost Curve Service 2012: $4.14/MMBTU natural gas

4.0

4.5

5.0

5.5

6.0

6.5

7.0

Siluria OCM MTG FT

Capital Cost ($B

)

OCM+ETL vs. MTG and FT Capital Cost at Approx. 50 kBBL/day Scale



We Have Developed Small Scale, Lower Cap-‐Ex Initial Deployment Process Packages For Existing Sites With Solid Economics (15 to 25+% IRR)

Huge, Drop-‐In, Global Markets -‐ Ini7al Builds -‐

Markets Capacity IntegraBon Concept Project Cost ($MM) Unlevered IRR (%)

Ethylene 30 to 125kTA Maximum use of site OSBL, product recovery, and fuel gas system

75 -‐ 100 20 -‐ 30

Ethylene/Power 30 to 125kTA + 20 to 100 MW

Maximum use of site OSBL, N2/CH4 to power produc7on (or usable fuel stream)

100 -‐125 15 -‐ 20

Gas Processing Retrofit for Ethylene

30 to 125kTA Maximum use of exis7ng frac7ona7on/separa7ons equipment and ethylene take-‐away capacity

75 -‐ 100 20 -‐ 30

Gas Processing Retrofit for Liquids

0.5 to 2 MB/D Maximum use of exis7ng frac7ona7on and separa7ons equipment

75 -‐ 125 15 -‐ 25


We are Forming Strategic Partnerships

Broad areas of Compe77ve Advantage -‐ Strong Partnerships -‐

•  Support of Demonstration Deployment •  Enable First Builds and Licensing:

–  Existing Ethylene Crackers –  Merchant Ethylene / Power –  Natural Gas Processing Sites

•  Joint Development / Feasibility Studies –  Other Adjacent Products: Aromatic Chemicals, Diesel, Jet Fuel –  Other Site Applications: Refining –  New Opportunities

•  Validate Technology / Pursue Licensing Segment – EPC Firms •  Clear Vision to World Scale •  Financing


Siluria: Executive Summary Successfully achieved longstanding oil and chemical industry goal to use natural gas directly as a building block feedstock •  Dramatically amplified in todays natural gas world

Significant compe77ve advantages: •  $1B/project/year advantage over predominant technology in $200B chemical market •  6 to $8B capital savings vs. recently built mid-‐east gas-‐to-‐liquids plant

Excellent compa7bility with many exis7ng industries •  Over 2500 poten7al exis7ng site applica7ons •  Huge global markets (>$3 Trillion)

Establishing strategic partnerships to enable: •  Economic first units •  World scale deployments •  Building a license business

Date post:	24-Feb-2018
Category:	Documents
Upload:	vukhanh
View:	235 times
Download:	0 times

Methane: The Better Ethane - Ethane To Ethylene ... · PDF file•...

Documents